LIBERTY LAKE, Wash., June  15, 2026  (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, is working together with Watercare Services, New

ITRI

Itron Collaborates with Watercare Services for New Zealand's Largest Smart Water Meter Upgrade

Itron Wins NZ Water Meter Upgrade with Watercare, Expands NZ Footprint

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>LIBERTY LAKE, Wash., June  15, 2026  (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, is working together with Watercare Services, New</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Itron is partnering with Watercare Services to modernize Auckland’s water network by deploying 100,000 Intelis wSource meters as part of a plan to connect nearly half a million smart meters. The NB-IoT meters improve leak detection, billing accuracy, and operational visibility, potentially expanding Itron&#039;s New Zealand footprint and generating multi-year service revenue.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Itron to supply 100,000 Intelis wSource meters to Watercare Services.</li><li>Auckland region to connect almost half a million meters.</li><li>NB-IoT meters deliver frequent, accurate data for leaks and billing.</li><li>Meters designed for 15-year life in marine Auckland environment.</li><li>Deployment is among New Zealand&#039;s largest smart water upgrades.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Itron, Inc. (ITRI)</strong>: Announces deployment with Watercare; potential revenue growth from NB-IoT meters and services.</li><li><strong>Watercare Services</strong>: New Zealand&#039;s largest water and wastewater utility; private entity; partnership may signal NZ growth opportunities.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category type: Corporate Developments. The article reports a large, multi-year contract and product deployment rather than quarterly earnings, signaling potential long-term revenue and backlog growth for ITRI.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>NZ water-meter upgrade validates Itron&#039;s Intelis NB-IoT platform.</li><li>Potential for broader NZ rollout could lift ITRI backlog.</li><li>Near-term stock reaction may be muted until earnings clarity.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: June 15, 2026</li><li>100,000 Intelis wSource meters to Watercare Services</li><li>Plan to connect almost 0.5 million smart meters in Auckland</li><li>Intelis wSource uses NB-IoT network</li><li>Meters designed for 15-year life; durable in marine environment</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Longer-term revenue visibility from this NZ deployment could support ITRI; consider accumulating on pullbacks over 6–12 months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">LIBERTY LAKE, Wash., June  15, 2026  (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ITRI">ITRI</a>), which is innovating new ways for utilities and cities to manage energy and water, is working together with <a href="https://www.globenewswire.com/Tracker?data=3cuFWZgCh0dXzzyPBp5pMm8BjWdKIyD6BdCa0zm1WRmy-fk_c_q7Y48YXZD4xq_XMEEYkI1rMW6oreLNzlpu-mN87qWMZc9Oc2X70RMWzmg=" rel="nofollow" target="_blank">Watercare Services</a>, New Zealand's largest water and wastewater utility, to modernize their water network by upgrading its existing mechanical meters with 100,000 Itron <a href="https://www.globenewswire.com/Tracker?data=x7-0OYDw6E9dU8R_IecHXfdWYfRIHwZitTVSNweqG2b9vy3mYFq3biKbY2afU1-Aussmki-Kzy8HWdTf0VkJEScQUR2fCjxgV0FsHfxpfzVO3PtNkArTMmohNaJHZNpK" rel="nofollow" target="_blank">Intelis wSource</a> digital water meters, as part of Watercare's plan to connect almost half a million smart meters in total across the Auckland region. This deployment represents one of the largest smart water metering upgrades in New Zealand and will give Watercare Services greater visibility into its network to accelerate leak detection and improve billing accuracy.</p>    <p align="left">This digital transformation project supports Watercare's broader technology programme to modernize Auckland's water network and improve how data is used to manage assets, customer use and leak detection. With the integration of advanced sensors and analytics, Itron's solution positions Watercare to meet the evolving needs of its customers while improving resiliency. </p>    <p align="left">Itron's Intelis wSource meters use an NB-IoT network to deliver frequent and highly accurate consumption data. Built to operate for 15 years with minimal maintenance, even in Auckland's harsh marine environment, the meter provides reliable data transmission and long-lasting durability. Together, these capabilities will help improve operations, lower costs and create a more sustainable network.</p>    <p align="left">"We continue to identify new ways to conserve and protect the world's most vital water resources. In support of New Zealand's 2025 <a href="https://www.globenewswire.com/Tracker?data=3cuFWZgCh0dXzzyPBp5pMjHUcWaFuJfwOfPRNqklcZVGzeWZvoUNnIOU3fl9ZOn59BJeZUHlnJkVyKf7N4xdPuiRR3U9O0ThSw2jOgI7VhSpnKenaUbubmPajW2PG6fodLoh6WDW4MSZ_yaFdRKzevgFQCzTz3GBg0VaQIOBHu5_73l1Zjmfal7xTf1gThIhyAo1fDw37zeJHsBnu2gryZJMXn1zdkfEMlJu6WZLsRXAthwIRV4G14zLU3DNpdLy" rel="nofollow" target="_blank">Water Services (Wastewater Environmental Performance Standards)</a>, our goal is to enable utilities, such as Watercare Services, to reduce real water losses across their network," said <strong>Justin Patrick, senior vice president of Device Solutions at Itron. </strong>"The Intelis wSource water meter will eliminate manual meter reads, support efficient operations, provide infrastructure insights and strengthen the utility's future infrastructure resiliency." </p>    <p align="left"><strong>About Itron<br></br></strong>Itron is transforming how the world manages energy, water and city services. Our trusted intelligent infrastructure solutions help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service. With edge intelligence, we connect people, data insights and devices so communities can better manage the essential resources they rely on to live and thrive. Join us as we create a more resourceful world: <a href="https://www.globenewswire.com/Tracker?data=3E5OiXD1J27Q9tkPQQX-foxUa0HRg8a-gyfVoltUnie3zY-xvo7fjRmh0p8ykcqUuqEbbJStCMuafq8fKP2dxg==" rel="nofollow" target="_blank">www.itron.com</a><em>.</em></p>    <p align="left">Itron<sup>&#xAE;</sup>, the Itron Logo, and Intelis are registered trademarks of Itron, Inc. in the United States and other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.</p>    <p align="left">For additional information, contact:<br></br></p>    <p align="left"><strong>Itron, Inc.<br></br></strong>Alison Mallahan<br></br>Senior Manager, Corporate Communications<br></br>509-891-3802<br></br><a href="https://www.globenewswire.com/Tracker?data=o81-T64wFTHwaKWvHLxoWsHxU5V-d6CkuvXqJ2eae7ei2xjdDjzodxwfO9VZOdkzN3K15sWZ4gwH1i6n-qwcBQ==" rel="nofollow" target="_blank">PR@Itron.com</a></p>    <p align="left">Paul Vincent<br></br>Vice President, Investor Relations<br></br>512-560-1172<br></br><a href="https://www.globenewswire.com/Tracker?data=JJP2no1dGUPUQq3Ahf3nwSbfvYo4jbR5tmPeXUFQstNHAHnVik48s2csoaXccrsvUsDY42_FWFAKF86_rqyClsdawTW3yrQPtKL7slVqmnk=" rel="nofollow" target="_blank">Investors@itron.com</a></p>    <p align="left"><strong>Itron, Inc.</strong></p>    <ul><li style="text-align:left;">LinkedIn: <a href="http://www.linkedin.com/company/itroninc" rel="nofollow" target="_blank">www.linkedin.com/company/itroninc</a></li><li style="text-align:left;">X: <a href="http://www.x.com/itroninc" rel="nofollow" target="_blank">www.x.com/itroninc</a></li><li style="text-align:left;">Newsroom: <a href="https://itron.com/newsroom" rel="nofollow" target="_blank">https://itron.com/newsroom</a></li><li style="text-align:left;">Blog: <a href="https://itron.com/blog" rel="nofollow" target="_blank">https://itron.com/blog</a></li></ul> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc0NzM1MCM3NjYyOTAxIzIwMDUwNTA="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZGY1MTFlN2ItYjE0OS00ZTUzLTg0OTQtMGZkNDlkMzA5MTcxLTEwMTY2MjMtMjAyNi0wNi0xNi1lbg==/tiny/Itron-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/9c19b3f5-9d4d-48f6-ae78-02b6b1da535e"><img src="https://ml.globenewswire.com/media/9c19b3f5-9d4d-48f6-ae78-02b6b1da535e/small/itron-png.png" border="0" width="150" height="63" alt="Primary Logo"></img></a></p>

Itron is partnering with Watercare Services to modernize Auckland’s water network by deploying 100,000 Intelis wSource meters as part of a plan to connect nearly half a million smart meters. The NB-IoT meters improve leak detection, billing accuracy, and operational visibility, potentially expanding Itron's New Zealand footprint and generating multi-year service revenue.

Itron Collaborates with Watercare Services for New Zealand's Largest Smart Water Meter Upgrade

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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